NASHVILLE, Tenn. (Aug. 9)—Bridgestone/Firestone Inc. has acquired a majority stake in tire retailer Morgan Tire & Auto Inc. of Clearwater, Fla., and intends to eventually own the entire company. The tire maker, which did not release financial details of the purchase, said Morgan will operate as an independent, majority-owned subsidiary, and handle Bridgestone, Firestone and competitive brands. The nation's second-largest independent retailer of tires, Morgan has 558 locations in 25 states throughout the U.S., Bridgestone/Firestone said.
Bridgestone/Firestone buys majority control of dealer
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